Inflation in Finland
Finland - Harmonized Inflation
Inflation ticks down in September
Consumer prices remained flat in September over the previous month, after the mild 0.02% increase recorded in August. September’s reading marked the lowest since May. Looking at the details of the release, the print reflects higher prices for education, clothing and footwear being offset by lower prices for transport, restaurants and hotels.
Inflation came in at 0.2% in September, matching August’s reading. Meanwhile, the trend pointed slightly down, with annual average inflation coming in at 0.4% in September from August’s 0.5%.
FocusEconomics Consensus Forecast panelists expect CPI inflation to average 0.5% in 2020, which is up 0.1 percentage points from last month’s estimate. In 2021, our panelists see inflation averaging 1.2%, which is unchanged from last month’s estimate.
Finland - Harmonized Inflation Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Inflation Rate (HICP, annual variation in %) | -0.2 | 0.4 | 0.8 | 1.2 | 1.1 |
Finland Harmonized Inflation Chart
Source: Statistics Finland.
Finland Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.03 | 3.70 % | Dec 30 |
| Exchange Rate | 8.78 | -0.38 % | Jan 01 |
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Economic News
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Finland: Economic activity declines at steeper pace in August
October 15, 2020
Economic activity decreased 3.3% year-on-year in working-day adjusted terms in August, down from July’s 2.7% drop.
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Finland: Inflation ticks down in September
October 14, 2020
Consumer prices remained flat in September over the previous month, after the mild 0.02% increase recorded in August.
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Finland: Current account records surplus in August
October 13, 2020
The current account recorded a EUR 0.3 billion surplus in August, matching the surplus recorded in August last year, and swinging from the EUR 0.1 billion deficit recorded in the prior month.
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Finland: Decline in economic activity softens further in July
September 15, 2020
Economic activity decreased 2.8% year-on-year in working-day adjusted terms in July.
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Finland: Inflation decreases slightly in August
September 14, 2020
Consumer prices ticked up a mild 0.02% in August over the previous month, following the 0.36% increase recorded in July.
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